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Rally Heads Toward 1% Vol.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Rally Heads Toward 1% Vol Band After Breaking Recent Highs
*RES 4: Stg0.8911 1.618 swing of Stg0.8837-Stg0.8717
*RES 3: Stg0.8886 76.4% Fibo of Stg0.8968-Stg0.8620
*RES 2: Stg0.8871/77 Intraday high, 1% volatility band
*RES 1: Stg0.8855/60 Hourly resistance
*PRICE: Stg0.8843 @1610GMT
*SUP 1: Stg0.8828 Jun 27 high, now support
*SUP 2: Stg0.8810/15 Congestion area Jun 25-27
*SUP 3: Stg0.8797/01 Jun 27 low, Jun 20 high
*SUP 4: Stg0.8772 Initial recovery high Jun 21, now support
*COMMENTARY* Daily studies remained supportive and has now been successful in
its attempt to break, the Stg0.8832-Stg0.8842 area, which had capped rallies
over the last couple of months. A high of Stg0.8771 so far on the day, as the
topside again tracks toward the upper 1% volatility band. This and the 76.4%
Fibo retrace level at Stg0.8886 are the barriers to a higher Stg0.8911-Stg0.8922
move. Support now Stg0.8828-Stg0.8810 but loss of Stg0.8797 will disappoint.

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